Job Costing
What is job costing?
Definition
Tracking labor, materials, equipment, subcontractor, and overhead costs against each individual project and cost code, so you know what every job actually costs.
The basics
Every cost is coded to a job and a cost code that mirrors the estimate. That lets you compare budget to actual line by line and catch overruns while there's still time to act.
- Labor, including burden like payroll taxes and benefits
- Materials and equipment
- Subcontractor costs
- Job-specific overhead such as permits and temporary facilities